Which phase is NOT part of the Asset Life Cycle?

The correct choice indicates that the phase referred to as Disposal is not considered part of the Asset Life Cycle. The Asset Life Cycle typically includes several key phases, such as Procurement, Commissioning, and Decommissioning.

Procurement involves the acquisition of the asset, ensuring that it meets the necessary specifications and quality requirements. Commissioning refers to the process of bringing the asset into operation, confirming that it functions as intended, and ensuring it adheres to safety and operational standards. Decommissioning occurs at the end of the asset's operational life and involves safely shutting down and dismantling the asset while minimizing risks to health, safety, and the environment.

Disposal, while related to the end of the asset's life, is often considered a separate process that falls outside the core phases of the Asset Life Cycle. It generally pertains to how the asset is finally disposed of or recycled after decommissioning. Understanding these distinctions is crucial in process safety management, as it enables professionals to identify which activities are integral to managing assets safely throughout their operational life.